Passenger car registrations: -6.1% eleven months into 2022; +16.3% in November
Brussels, 15 December 2022 – In November 2022, the EU new passenger car market posted another strong uplift (+16.3%), the fourth in a row this year.
In November 2022, the EU new passenger car market posted another strong uplift (+16.3%), the fourth in a row this year. Nevertheless – with 829,527 units sold – last month’s volumes remained well below the pre-pandemic levels of November 2019, when 1 million cars were registered. Most of the region’s markets contributed positively to this overall growth, including the four largest ones. The strongest increase was observed in Germany (+31.4%), followed by Italy (+14.7%), Spain (+10.3%) and France (+9.8%) – which also had solid gains.
Eleven months into 2022, new passenger car registrations across the European Union were 6.1% lower compared to the same period last year. Despite the recent strong results, declines generated from January to July were enough to drag down the year-to-date performance. Among the region’s four key markets, Italy recorded the weakest result so far this year (-11.6%), followed by France (-8.7%), Spain (-4.4%) and Germany (-2.4%).
Despite the recent strong results, declines generated from January to July were enough to drag down the year-to-date performance.
- The European Automobile Manufacturers’ Association (ACEA) represents the 14 major Europe-based car, van, truck and bus makers: BMW Group, DAF Trucks, Daimler Truck, Ferrari, Ford of Europe, Honda Motor Europe, Hyundai Motor Europe, Iveco Group, Jaguar Land Rover, Mercedes-Benz, Renault Group, Toyota Motor Europe, Volkswagen Group, and Volvo Group.
- Visit www.acea.auto for more information about ACEA, and follow us on www.twitter.com/ACEA_auto or www.linkedin.com/company/ACEA/.
- Contact: Francesca Piazza, Statistics Manager, email@example.com.
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About the EU automobile industry
- 13.0 million Europeans work in the automotive sector
- 11.5% of all manufacturing jobs in the EU
- €374.6 billion in tax revenue for European governments
- €79.5 billion trade surplus for the European Union
- Almost 8% of EU GDP generated by the auto industry
- €58.8 billion in R&D spending annually, 32% of EU total